2 Tech Stocks Active on Trading Radars Ahead of Earnings Reports

Allegheny Technologies, Inc. (NYSE:ATI) will unveil its latest earnings on Wednesday, January 25, 2012. The average estimate of analysts is for net income of 55 cents per share, a rise of 77.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 70 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 56 cents during the last month. For the year, analysts are projecting profit of $2.42 per share, a rise of more than twofold from last year.

The company topped estimates last quarter after missing forecasts the quarter prior. In the third quarter, it reported net income of 63 cents per share against a mean estimate of profit of 61 cents per share. In the second quarter, it missed forecasts by 3 cents. On average, analysts predict $1.31 billion in revenue this quarter, a rise of 26% from the year ago quarter. Analysts are forecasting total revenue of $5.24 billion for the year, a rise of 29.4% from last year’s revenue of $4.05 billion.

Competitors to Watch: RTI Intl. Metals, Inc. (NYSE:RTI), China Direct Industries, Inc. (NASDAQ:CDII), Titanium Metals Corp. (NYSE:TIE), AK Steel Holding Corp. (NYSE:AKS), Precision Castparts Corp. (NYSE:PCP), ArcelorMittal (NYSE:MT), Schnitzer Steel (NASDAQ:SCHN), Steel Dynamics (NASDAQ:STLD) and Nucor (NYSE:NUE).

LSI Corporation (NYSE:LSI) will unveil its latest earnings on Wednesday, January 25, 2012. The average estimate of analysts is for net income of 8 cents per share, a decline of 33.3% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 12 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 8 cents during the last month. For the year, analysts are projecting profit of 36 cents per share, a decline of 12.2% from last year.

The company fell in line with estimates last quarter after missing in the prior quarter. After falling short of the mean estimate by one cent in the second quarter, the company fell in line with expectations by reporting net income of 12 cents last quarter. Analysts are projecting a decline of 20.8% in revenue from the year-earlier quarter to $526.1 million.

Competitors to Watch: Intel Corporation (NASDAQ:INTC), PMC-Sierra, Inc. (NASDAQ:PMCS), Texas Instruments Inc. (NYSE:TXN), Intl. Business Machines Corp. (NYSE:IBM), Silicon Laboratories (NASDAQ:SLAB), PLX Technology, Inc. (NASDAQ:PLXT), Oracle Corporation (NASDAQ:ORCL), Marvell Tech. Group Ltd. (NASDAQ:MRVL), Dell Inc. (NASDAQ:DELL), and Integrated Device Tech., Inc. (NASDAQ:IDTI).